Designated Asset Disposition definition

Designated Asset Disposition means any sale, transfer or other disposition of Exchange Debt First Priority Collateral other than a Permitted Disposition.
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Designated Asset Disposition means any Asset Disposition relating to any assets or Capital Stock acquired in any Permitted Acquisition which are identified by Borrowers in reasonable detail in a written notice delivered to Agent at the time of delivery of the officer's certificate relating to such Permitted Acquisition pursuant to Section 8.4(k) as being assets or Capital Stock that Borrowers intend to sell or otherwise dispose of following such Permitted Acquisition.
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Designated Asset Disposition means any voluntary disposition of assets by the Borrower or any Subsidiary other than the dispositions permitted by clauses (a) through (g) of Section 10.8.
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Examples of Designated Asset Disposition in a sentence

  • Within five (5) days of receipt of the Net Proceeds from any Designated Asset Disposition, the Borrower shall prepay the Loans in an amount equal to the Net Proceeds of such disposition.

  • The term "Designated Asset Disposition" means any voluntary disposition of assets by the Borrower or any Subsidiary other than the dispositions permitted by clauses (a) through (g) of Section 10.8.


More Definitions of Designated Asset Disposition

Designated Asset Disposition means an Asset Sale made in connection with (1) the exercise by GenTex of one of its purchase options under the participation agreement dated September 2, 1999 between CCFC and GenTex, (2) the exercise by Magic Valley Electric Cooperative Inc. of its purchase option under the power purchase and sale agreement dated May 22, 1998 between CCFC and Magic Valley Electric Cooperative Inc. or (3) the sale or transfer to CES of the Service Agreement for Point-To-Point Transmission Service between CCFC (as assignee of CES) and Tampa Electric Company (provided that, concurrently with such sale or transfer, CES grants a security interest in such agreement to CCFC to secure CES’s obligations under the Index Based Gas Sale and Power Purchase Agreement and a consent is obtained from Tampa Electric Company), in each case as amended from time to time in accordance with the terms of the Secured Debt Documents.
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Designated Asset Disposition means an Asset Sale made in connection with (1) the exercise by GenTex of one of its purchase options under the participation agreement dated September 2, 1999 between us and GenTex, (2) the exercise by Magic Valley Electric Cooperative Inc. of its purchase option under the power purchase and sale agreement dated May 22, 1998 between the Company and Magic Valley Electric Cooperative Inc. or (3) the sale or transfer to CES of the Service Agreement for Point-To-Point Transmission Service between the Company (as assignee of CES) and Tampa Electric Company (provided that, concurrently with such sale or transfer, CES grants a security interest in such agreement to the Company to secure CES's obligations under the Index Based Gas Sale and Power Purchase Agreement and a consent is obtained from Tampa Electric Company), in each case as amended from time to time in accordance with the terms of the Secured Debt Documents.
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Related to Designated Asset Disposition

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Asset Sales means any sale, issuance, conveyance, transfer, lease, assignment or other disposition by any Borrower to any Person (including by means of a sale and leaseback transaction or a merger or consolidation or similar transaction and including any sale or issuance of the equity interests of any Borrower) (collectively, for purposes of this definition, a “transfer”), in one transaction or a series of related transactions, of any assets of any Borrower; provided, that for purposes of this definition, the term “Asset Sale” shall not include:

  • Specified Disposition means any disposition of all or substantially all of the assets or Equity Interests of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • Qualified disposition means a Disposition or a series of related Dispositions in which the consideration received by the Credit Parties is equal to or greater than $50,000,000.

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Asset Sale Offer shall have the meaning specified in Section 4.13.